Oaktree Capital Group Receives Average Recommendation of “Hold” from Analysts (NYSE:OAK)
Oaktree Capital Group (NYSE:OAK) has been given an average recommendation of “Hold” by the eight brokerages that are covering the stock, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $59.20.
OAK has been the subject of a number of recent research reports. Analysts at Bank of America upgraded shares of Oaktree Capital Group to a “buy” rating in a research note on Tuesday, August 12th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Oaktree Capital Group in a research note on Friday, August 1st. They now have a $60.00 price target on the stock. Finally, analysts at Sandler O’Neill cut their price target on shares of Oaktree Capital Group from $64.00 to $58.00 in a research note on Wednesday, July 16th.
Oaktree Capital Group (NYSE:OAK) traded down 0.20% during mid-day trading on Thursday, hitting $49.85. 10,697 shares of the company’s stock traded hands. Oaktree Capital Group has a 52 week low of $47.36 and a 52 week high of $62.30. The stock has a 50-day moving average of $49.65 and a 200-day moving average of $53.26. The company has a market cap of $2.167 billion and a P/E ratio of 10.46.
Oaktree Capital Group (NYSE:OAK) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.67 by $0.08. The company had revenue of $302.52 million for the quarter, compared to the consensus estimate of $282.44 million. During the same quarter in the prior year, the company posted $1.75 earnings per share. Analysts expect that Oaktree Capital Group will post $3.86 EPS for the current fiscal year.
Oaktree Capital Group, LLC (NYSE:OAK) is a global investment management firm focused on alternative markets.
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